David Baskin
Member since: Feb '01
President at
Baskin Wealth Management
Baskin Wealth Management
4482 Opinions
Latest Top Picks
(A Top Pick Aug 29/18, Up 31%) They are dominating the box office like no other company before. Loves the new Lion King movie. They have the cruise line, ESPN and the theme parks, hitting on all cylinders.
(A Top Pick Aug 29/18, Down 11%) Posted good earnings recently. There hasn't been a slowdown in truck shipping (or in train shipping). Pricing power remains. TFII has consolidated parts of the industry, and so is a price-maker. Still likes it.
(A Top Pick Aug 29/18, Up 34%) Very difficult to analyze. They serially acquire companies that have only one family of software that addresses particular vertical need in the market. CSU says there are thousands like this and now own bunches of them. CSU knows how to buy them. Their return on invested capital is terrific. It's still an attractive stock at current prices.
A boring stock. Has raised its dividend 46 years in a row, plus the stock has gone up. A steady eddy. It won't miss a beat in a recession. It's the opposite of volatile and steady eddy. (Analysts’ price target is $54.17)
It dominates North America ski resorts after just buying 17 of them, like Whistler. It's terrifically run. A lot of these resorts now opereates in all four seasons. It plays into the theme of young people spending on recreation. (Analysts’ price target is $249.45)
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COMMENT
COMMENT
July 30, 2019
Today Trump tweeted that he will decide, not China--nobody knows what that means. Trump clouds over every stock out there. He's amazed that interest rates are negative in Europe and parts of Asia. He predicts Powell will cut US interest rates by 25 points tomorrow, because Trump wants 50, but there's no reason for them to cut in the first place. The US has a deficit of a trillion dollars or over 4% of GDP--this is unprecedented. The US has ultra-low unemployment and good consumer spending. Housing starts and manufacturing numbers are weak, okay, but a 25-point cut won't make a difference. Cutting the rate will stop the US dollar rise higher. The German and US 10-year treasuries differ by a huge 300 basis points.
Today Trump tweeted that he will decide, not China--nobody knows what that means. Trump clouds over every stock out there. He's amazed that interest rates are negative in Europe and parts of Asia. He predicts Powell will cut US interest rates by 25 points tomorrow, because Trump wants 50, but there's no reason for them to cut in the first place. The US has a deficit of a trillion dollars or over 4% of GDP--this is unprecedented. The US has ultra-low unemployment and good consumer spending. Housing starts and manufacturing numbers are weak, okay, but a 25-point cut won't make a difference. Cutting the rate will stop the US dollar rise higher. The German and US 10-year treasuries differ by a huge 300 basis points.
David Baskin
President, Baskin Wealth Management
DON'T BUY
DON'T BUY
July 30, 2019
His 4th or 5th choice among Canadian banks. It isn't special. Their recent American acquisition went okay for them. BMO is merely okay. He has no problem with the sector though.
His 4th or 5th choice among Canadian banks. It isn't special. Their recent American acquisition went okay for them. BMO is merely okay. He has no problem with the sector though.
banks
BUY
BUY
July 30, 2019
The effect of climate change on insurance. A casualty insurer. They ain't dumb, but smart. They pay attention to climate change and hiking premiums or reject insurance applications based on the various risks linked to global warming. They're a baby Berkshire-Hathway; they're good investors as well as underwriters.
The effect of climate change on insurance. A casualty insurer. They ain't dumb, but smart. They pay attention to climate change and hiking premiums or reject insurance applications based on the various risks linked to global warming. They're a baby Berkshire-Hathway; they're good investors as well as underwriters.
insurance
BUY
BUY
July 30, 2019
An aggressive buyer of companies around the world. He likes it. This had been trading sideways for a long time until the start of this year. Earnings come out this week and should be pretty good. CCL comes down to synergizing acquisitions well.
An aggressive buyer of companies around the world. He likes it. This had been trading sideways for a long time until the start of this year. Earnings come out this week and should be pretty good. CCL comes down to synergizing acquisitions well.
packaging/containers
DON'T BUY
DON'T BUY
July 30, 2019
Splitting shares 8-1 and listing in Hong Kong--good or bad? A terrific company in a bad geography. Hong Kong and trump are completely unpredictable. He wouldn't buy any stock from China, no matter how good the company. He's on the sidelines. He's risk-averse.
Splitting shares 8-1 and listing in Hong Kong--good or bad? A terrific company in a bad geography. Hong Kong and trump are completely unpredictable. He wouldn't buy any stock from China, no matter how good the company. He's on the sidelines. He's risk-averse.
BUY
BUY
July 30, 2019
or IPAY? This and Mastercard are both expensive, but there's a reason for that. They have wide, deep moats--hard to see how they can be displaced. Visa had pretty good though not fabulous earnings this week. They run a toll road on billions of transactions. If you wait for a dip, you could wait a long time.
or IPAY? This and Mastercard are both expensive, but there's a reason for that. They have wide, deep moats--hard to see how they can be displaced. Visa had pretty good though not fabulous earnings this week. They run a toll road on billions of transactions. If you wait for a dip, you could wait a long time.
other services
COMMENT
COMMENT
July 30, 2019
ENB has a lot of debt. A year ago, the stock was out of favour and the yield spike to nearly 8%. Fears of debt are unfounded. He'd own it if the debt were lower, but it's a safe, boring (good) stock. The dividend should be safe.
ENB has a lot of debt. A year ago, the stock was out of favour and the yield spike to nearly 8%. Fears of debt are unfounded. He'd own it if the debt were lower, but it's a safe, boring (good) stock. The dividend should be safe.
oil/gas pipelines
PAST TOP PICK
PAST TOP PICK
July 30, 2019
(A Top Pick Aug 29/18, Up 31%) They are dominating the box office like no other company before. Loves the new Lion King movie. They have the cruise line, ESPN and the theme parks, hitting on all cylinders.
(A Top Pick Aug 29/18, Up 31%) They are dominating the box office like no other company before. Loves the new Lion King movie. They have the cruise line, ESPN and the theme parks, hitting on all cylinders.
entertainment services
PAST TOP PICK
PAST TOP PICK
July 30, 2019
(A Top Pick Aug 29/18, Down 11%) Posted good earnings recently. There hasn't been a slowdown in truck shipping (or in train shipping). Pricing power remains. TFII has consolidated parts of the industry, and so is a price-maker. Still likes it.
(A Top Pick Aug 29/18, Down 11%) Posted good earnings recently. There hasn't been a slowdown in truck shipping (or in train shipping). Pricing power remains. TFII has consolidated parts of the industry, and so is a price-maker. Still likes it.
Transportation
PAST TOP PICK
PAST TOP PICK
July 30, 2019
(A Top Pick Aug 29/18, Up 34%) Very difficult to analyze. They serially acquire companies that have only one family of software that addresses particular vertical need in the market. CSU says there are thousands like this and now own bunches of them. CSU knows how to buy them. Their return on invested capital is terrific. It's still an attractive stock at current prices.
(A Top Pick Aug 29/18, Up 34%) Very difficult to analyze. They serially acquire companies that have only one family of software that addresses particular vertical need in the market. CSU says there are thousands like this and now own bunches of them. CSU knows how to buy them. Their return on invested capital is terrific. It's still an attractive stock at current prices.
computer software/processing
HOLD
HOLD
July 30, 2019
Hang onto it 100%. Esports, not Fortnite, is a big deal. People are packing stadiums to watch people play Esports. ATVI has a lot of good games and will have more good games. Still a good company.
Hang onto it 100%. Esports, not Fortnite, is a big deal. People are packing stadiums to watch people play Esports. ATVI has a lot of good games and will have more good games. Still a good company.
computer software/processing
WEAK BUY
WEAK BUY
July 30, 2019
Years after the Great Recssion, the US government has removed some regulations, freeing US banks. This leads to stock buybacks and rising dividends. MS is not a bad bank, but he prefers JPM. MS has gotten too expensive. The banks now make money in managing wealth, not so much lending money in a time of declining interest rates. You should own at least one US bank.
Years after the Great Recssion, the US government has removed some regulations, freeing US banks. This leads to stock buybacks and rising dividends. MS is not a bad bank, but he prefers JPM. MS has gotten too expensive. The banks now make money in managing wealth, not so much lending money in a time of declining interest rates. You should own at least one US bank.
investment companies/funds
DON'T BUY
DON'T BUY
July 30, 2019
Buy it now after a pull back? This didn't oversell as some expected given its woes. He wouldn't buy it now? Who will compensate the airlines who can't use their 737? A veteran pilot he knows feels that Boeing screwed up a fine plane by massively mis-designing it (its engines are too big and too close to the fuselage). The 737 may never fly again, which would be a disaster for Boeing. There's also the legal liability of all the people who died in those crashes. Way too much uncertainty here. In the future, tourists (more them Asian) will fly Chinese-made planes and that will eat up part of the airplane market from Boeing.
Buy it now after a pull back? This didn't oversell as some expected given its woes. He wouldn't buy it now? Who will compensate the airlines who can't use their 737? A veteran pilot he knows feels that Boeing screwed up a fine plane by massively mis-designing it (its engines are too big and too close to the fuselage). The 737 may never fly again, which would be a disaster for Boeing. There's also the legal liability of all the people who died in those crashes. Way too much uncertainty here. In the future, tourists (more them Asian) will fly Chinese-made planes and that will eat up part of the airplane market from Boeing.
Transportation
DON'T BUY
DON'T BUY
July 30, 2019
Don't touch it. There's a huge hole in the balance sheet of $8-9 billion of funded debt with $7 billion of negative shareholders' equity. They sold off most of the products (C series) they can, like the Blue Jays selling off their stars, left with low-margin products. Meanwhile, you still have the same nepotistic, incompetent management of questionable morality in charge. It amazes him. Hopes the government stops subsidizing BBD, but an election is coming.
Don't touch it. There's a huge hole in the balance sheet of $8-9 billion of funded debt with $7 billion of negative shareholders' equity. They sold off most of the products (C series) they can, like the Blue Jays selling off their stars, left with low-margin products. Meanwhile, you still have the same nepotistic, incompetent management of questionable morality in charge. It amazes him. Hopes the government stops subsidizing BBD, but an election is coming.
transportation equip & components
DON'T BUY
DON'T BUY
July 30, 2019
It'll get killed in a recession; capital spending will go south. AC, elevators and advanced avionics for civil and military use will grow. Defense systems will use more and more advanced electronics. They had good, not stellar, earnings. The stock hasn't been bad. This is too cyclical for his tastes--not a good time to buy it.
It'll get killed in a recession; capital spending will go south. AC, elevators and advanced avionics for civil and military use will grow. Defense systems will use more and more advanced electronics. They had good, not stellar, earnings. The stock hasn't been bad. This is too cyclical for his tastes--not a good time to buy it.
mngmnt/diversified
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